Bouygues (EN.PA) dividend yield, history and 2029 forecast
What is the Bouygues (EN.PA) dividend yield?
Bouygues (EN.PA) dividend
5.0 %dividend yield at the €42.29 close of November 6, 2026
€2.10a share paid in 2025, our report
- Paid in 2025: €2.10 a share, up from €1.80 in 2021
- Our base-case forecast: €2.20 by November 2027, €2.40 by November 2029
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Is Bouygues a good dividend stock? Does its cash cover the dividend?
Our report makes no buy or sell call. It checks the dividend against free cash flow, the cash the business has left after paying for buildings and equipment.
Bouygues reported record 2025 free cash flow of €1.81 billion before working-capital movements. Working capital is cash tied up in customers, suppliers, contracts and stock. A favourable working-capital movement of €941 million would lift the figure to about €2.75 billion, but a release of cash from projects may not repeat.
The allocation record is mixed: Equans improved, Bouygues Immobilier consumed cash, and the group raised the dividend for 2025 to €2.10 per share. SFR therefore has to earn more than the alternatives of investing elsewhere, reducing debt, paying dividends or buying back shares.
Bouygues dividend forecast: how much will it pay by 2029?
The forecast would move toward the bear case if Equans misses its 2026 margin or cash-conversion goals, with weaker COPA, net income and EPS through 2027–2029. SFR customer migration, integration costs or borrowing would also reduce cash available for dividends and buybacks if the transaction closes as planned.
What is Bouygues's dividend yield today?
The price-to-earnings ratio uses forecast earnings for the next twelve months. It is like valuing a bakery by what it expects to earn next year, not by last year’s receipts. Bouygues’s reported earnings were also reduced by a €569 million TF1 impairment, which used no cash, so forecast profit and underlying cash power are not identical. The dividend yield is cash income only if the dividend remains affordable and the share price does not change.
How much does Bouygues pay in dividends?
The base dividend path rises from the latest €2.10 per share by €0.10 annually, reaching €2.40 in 2029. That follows the increases since 2023, but assumes cash remains controlled. The bear case reaches €1.80 as SFR financing and working-capital pressure constrain distributions. The bull case reaches €2.90 if Equans converts better margins into cash. Record 2025 free cash flow supports the upside, but working capital absorbed €1.49 billion in the first nine months of 2026.
Results: operating earnings against net income · EUR millions; per share in EUR · 2025
- Revenue56,877
- Net income1,138
- EPS, diluted2.98
- Dividend per share2.10
Questions about the Bouygues (EN.PA) dividend
Does Bouygues pay a dividend?
Yes. It paid €2.10 a share in 2025.
What is the dividend on €100 of Bouygues shares?
About €5.00 a year at the 5.0 % dividend yield: €100 buys 2.4 shares at the November 6, 2026 close.
Where could Bouygues stock be by 2029?
Our report's forecast is €43.53 a share by November 2029, from the €42.29 close of November 6, 2026. Bouygues stock forecast →
More on Bouygues (EN.PA)
This page shows the dividend. The report shows whether the cash pays for it.
The full report: an executive summary and 8 chapters, 19,760 words, 51 tables. Its first page opens here, no account needed.
How it is made: AI reads Bouygues's filings, writes the report, checks the numbers against them and cites each source, 223 in this one. How we work · Corrections
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Information only, not investment advice. A dividend can be cut; the forecast gives three cases with their chances. Prices are those of the date shown.